Court Sentences 2 Oil Marketers to 8 Years for N789.6m Oil Fraud

Justice Latifat Okunnu of the State High Court sitting in Ikeja, Lagos, has convicted and sentenced two oil Marketers, George Ogbonna and Emmanuel Morah, owners of Rocky Energy Limited to eight years imprisonment on a 26-count amended charge bordering on conspiracy, obtaining by false pretence and forgery to the tune of N789.6m.
The convicts were prosecuted alongside one Adamu Maula, owner of Downstream Energy Sources Limited, by the Economic and Financial Crimes Commission (EFCC).
They were said to have imported 10,862 metric tonnes of Premium Motor Spirit (PMS), for which they were paid the sum of money by the Petroleum Support Fund.
However, investigation revealed that the documents used by the defendants were forged.
Counsel to the defendants, in a no-case submissions, had urged the court to dismiss the charges against their clients for lack of merit.
However, in the course of the trial, the prosecution counsel, Rotimi Jacobs (SAN), presented 11 witnesses, including Abdulrasheed Bawa, an investigator with the EFCC, and tendered documents in evidence.
In his judgment, Justice Okunnu found Ogbonna and Morah guilty and sentenced them to eight years imprisonment each.
The judge ordered the convicts to return the money they fraudulently collected to the Federal Government.
Maula and his company, Downstream Energy Sources Limited, were however, discharged and acquitted by the court.

Author: News Editor

9846 stories / Browse all stories

Related Stories »

Provide your email below, and we will notify you the latest news freely.


calendar »